The German consulting industry is booming – so says the result of the current BDU study. Today we summarize the numbers and trends for consultants for you.
The demand for consulting in German companies continues to rise: in 2018, the revenue of the consulting industry increased by 7.1%. This was the result of the current study by the Federal Association of German Management Consultants (BDU).
Today, we present a few more relevant numbers from the study:
Source: Market study “Facts & Figures on the Consultant Market 2019” by the BDU.
Digitalization as a Trigger for the Boom in the Consulting Industry
Changes in technology and digitalization create an increased demand for experts. German companies appreciate the value of consultants: competition is high, and those who get good advice hope for a successful change of processes and thus a long-term presence in the market.
Especially companies in the manufacturing industry (34% market share of the consulting industry) and the financial services sector (24% market share) rely on services from consultants.
Outlook: Forecasts for 2019
Surveyed experts also see positive developments for the consulting industry in the coming months:
Consulting firms will significantly increase investments.
Collaboration and analysis tools can enhance the efficiency of consulting.
Despite digitalization: In Germany, in-person consulting remains important!
Even for junior consultants, the career opportunities are high, not least due to a shortage of personnel.
Good prospects for consultants: The market is expected to develop positively again in 2019.
Now Increase Efficiency: Support Consulting through Online Courses!
While personal consultations will remain an essential part of the industry, digitalization is also affecting the work processes of consultants themselves. With the help of digital tools, you can save time, document project developments, and at the same time leave a professional impression on the company.
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